63B-23-301. Lease-purchase authorizations.
The Legislature intends that:
(1) the Mountainland Applied Technology Campus of the Utah College of Applied Technology, subject to requirements in, use up to $10,683,000 of existing and institutional funds to enter into a lease-purchase agreement to plan, design, and construct a Technology Trades Building for the Mountainland Applied Technology College at the Lehi Campus with up to 40,500 square feet; and Title 63A, Chapter 5b, Administration of State Facilities
(2) the college may not request state funds for operation and maintenance costs or capital improvements during the term of the lease-purchase agreement.